CRUDE OIL UPDATE SHORT TERM

2023年9月25日

After showing a weakening, profit was taken at $92 and I'm ready to jump in if the setup shows something bullish.

The red rectangle shows where the orders are and that the price failed to close above and therefore we got a new weekly level.

These are the two probabilities I'm looking at, which give the same result for LONG.

The Techniques

Below I am looking at 0.3 Fibonacci, the wave of the last range (05.Oct-5.Nov.), the last Higher High, 100 Weekly MA and 50 Daily MA.

My final target is still $104-$106, but if the setup is shown, of course I will enter again.

2023年10月3日

註釋

84.93 50dma and VAL of previous range, good zone for buy if trend do not change

2023年10月3日

註釋

idea for long

2023年10月3日

註釋

closing of the day below the dashed line we gonna test POC. On each line on the right you have a description of what it is.

After that two level we will get 84.66

2023年10月4日

註釋

below, VAL range same as POC, 50 DMA coming too, last Higher high. Only with setups

2023年10月5日

註釋

we are here after 10 days. Now I want to see 50 DMA and price above VAL dashed line to long

2023年10月5日

註釋

first try, risky but I am here to try

below this, 80$ another try